Summary

Working gas in storage was 3,130 Bcf as of Friday, August 23, 2013, according to EIA estimates. This represents a net increase of 67 Bcf from the previous week. Stocks were 235 Bcf less than last year at this time and 45 Bcf above the 5-year average of 3,085 Bcf. In the East Region, stocks were 107 Bcf below the 5-year average following net injections of 49 Bcf. Stocks in the Producing Region were 95 Bcf above the 5-year average of 978 Bcf after a net injection of 16 Bcf. Stocks in the West Region were 58 Bcf above the 5-year average after a net addition of 2 Bcf. At 3,130 Bcf, total working gas is within the 5-year historical range.

We believe that by working with an unbiased energy consultant, companies can better navigate though volatile markets, price swings, and overall uncertainty.

We recognize several trends in the energy industry. Deregulation in both electricity and gas markets continues to spread state by state as consumers and governments recognize the benefits of competive energy markets. We believe that this will continue as regulators are able to tailor market designs to best meet the needs and requirements of its participants. Additionally, the shift towards renewable energy projects continues to be bolstered by private investments, mostly in states with relaxed electricity structures. This indirectly benefits our industry by shifting the reliability of energy supply to domestic resources. Finally, the higher cost of energy over the past couple decades has required new ideas to be formulated in order to help contain prices.